Certified Development Company
E835278
A Certified Development Company is a nonprofit corporation certified by the U.S. Small Business Administration to provide long-term, fixed-rate financing to small businesses for major fixed assets like real estate and equipment under the 504 loan program.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
SBA-certified lender
ⓘ
economic development organization ⓘ nonprofit corporation ⓘ |
| benefitToBorrower |
fixed interest rate on SBA 504 portion
ⓘ
longer repayment terms ⓘ lower down payment compared to conventional loans ⓘ |
| certifiedBy | U.S. Small Business Administration NERFINISHED ⓘ |
| countryOfOperation |
United States of America
ⓘ
surface form:
United States
|
| eligibilityRequirement |
must be certified by SBA
ⓘ
must be nonprofit corporation ⓘ |
| financingPurpose |
building construction
ⓘ
building expansion ⓘ heavy machinery and equipment ⓘ land and building acquisition ⓘ major fixed assets ⓘ owner-occupied commercial real estate ⓘ |
| financingType |
fixed-rate
ⓘ
long-term ⓘ |
| governance | board of directors representing community interests ⓘ |
| loanProgramComponent |
second mortgage financing
ⓘ
subordinate lien financing ⓘ |
| loanUseRestriction |
cannot be used for inventory financing
ⓘ
cannot be used for working capital ⓘ |
| mayProvide |
business technical assistance
ⓘ
credit analysis ⓘ loan closing services ⓘ loan packaging services ⓘ loan servicing ⓘ |
| mission |
promote local economic development
ⓘ
support business growth ⓘ support job creation ⓘ support job retention ⓘ |
| organizationalForm | nonprofit ⓘ |
| oversight | subject to SBA regulations ⓘ |
| primaryFunction |
facilitate fixed-asset financing
ⓘ
provide long-term financing to small businesses ⓘ |
| primaryProgram | SBA 504 loan program NERFINISHED ⓘ |
| regulator | U.S. Small Business Administration NERFINISHED ⓘ |
| roleIn504Structure |
partners with private lender providing first lien
ⓘ
provides SBA 504 debenture financing portion ⓘ |
| sector |
economic development
ⓘ
small business finance ⓘ |
| shortName | CDC NERFINISHED ⓘ |
| targetBorrower |
for-profit small business
ⓘ
small business ⓘ |
| worksWith |
banks
ⓘ
community development financial institutions ⓘ credit unions ⓘ third-party lenders ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.